Gbp/Usd Buy 1.6310/15 then 1.6285/90 then 1.6215/20, sell 1.6460/65 then 1.6505/10 then 1.6540/45
Take Note that these signals are for short term, each signal TP is 10 to 30 pips despite it might gain you much more than that sometimes
Medium Term Strategy(Daily):
Gbp/Usd This pair is starting a downtrend movement today, after basing below retracement at 1.6390/00, but I'll stay cautious because this pair is moving sideways from past days up and down.
1.6310/15 is an important support area(break here & base would extend weakness to the above short term buy signals), so traders who sold around 1.6390/00 or above are safe to hold their sell orders till said support prices are penetrated or can take profit if they wish at that price, while only above resistance at 1.6400 would change our downside view to target 1.6460/70 first.
This pair might keep moving sideways till next UK Meeting Minutes in around 2 weeks time, ofcourse unless some surprise news hit the market like BOE official talks...
Take Note that these signals are for short term, each signal TP is 10 to 30 pips despite it might gain you much more than that sometimes
Medium Term Strategy(Daily):
Gbp/Usd This pair is starting a downtrend movement today, after basing below retracement at 1.6390/00, but I'll stay cautious because this pair is moving sideways from past days up and down.
1.6310/15 is an important support area(break here & base would extend weakness to the above short term buy signals), so traders who sold around 1.6390/00 or above are safe to hold their sell orders till said support prices are penetrated or can take profit if they wish at that price, while only above resistance at 1.6400 would change our downside view to target 1.6460/70 first.
This pair might keep moving sideways till next UK Meeting Minutes in around 2 weeks time, ofcourse unless some surprise news hit the market like BOE official talks...
